News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Almost $89 million in crypto will be unlocked this week
ETH/BTC remains under major moving averages, with resistance between 0.05–0.06 BTC, a breakout above may signal a solid reversal of the trend. A bullish divergence on the weekly chart indicates declining bearish momentum, with both RSI and Stochastic RSI flashing signs of possible price reversal. ETH/BTC is testing a major historical low, with substantial trading volume implying a fierce battle between sellers and buyers.
The TD Sequence signal has registered a buying signal, and there may be a bull cycle if XRP tests significant resistance levels. XRP trades within a downtrending channel, with a probable breakout above $2.80–$3.00, possibly pushing prices up towards $3.50–$4. The MACD signals the start of a bull crossover, and the Stochastic RSI signals a short-term correction before a rally.
Bitcoin’s price hovers near $95,582, facing risks of decline if it drops below key support levels around $95,000. A breakout above $98,000 could drive Bitcoin toward $100,000, with long-term bullish trends still intact. Bitcoin’s momentum shows signs of reversal, potentially leading to upward movement if key resistance levels break.
Helium (HNT) tests a critical $3.00 support, with traders awaiting a possible reversal or protracted bearish momentum. The RSI of 38.01 signals a bullish divergence, and the constricting Bollinger Bands suggest a probable breakout in either way. A breakout above $3.80–$4.00 can solidify bullish momentum, and a drop below $3.00 can take HNT down towards $2.50, even lower.
Bitcoin is forming a declining wedge pattern, with resistance points of $100K and targets of $110K and $120K. Market indicators, including MACD and RSI, are suggesting consolidation, with a volume-driven breakout and on the lookout for bull signals. A bearish breakdown of $93K may take Bitcoin down towards $85K–$87K, and holding on may result in a steep upswing.
Quick Take Trump’s crypto-friendly pick Howard Lutnick was confirmed by the Senate as new Secretary of Commerce. Lutnick has been leading financial services firm Cantor Fitzgerald, which has been a custodian for Tether.
- 13:51A major whale increases holdings by 805.1 ETH, worth approximately $2.894 millionAccording to Foresight News, monitoring by @ai_9684xtpa shows that a certain whale has increased their holdings by 805.1 ETH, worth approximately $2.894 million. In this round of trading, the address purchased a total of 5,578 ETH, with a total value of $19.98 million and an average price of $3,583 per ETH.
- 13:12Additional Regulatory Approval Required for Claims Against a Certain Exchange in the Bahamas Due to Its Inclusion in the EU Legal SystemBlockBeats News, July 19 — Sunil, a creditor representative of a certain exchange, posted on X stating, "We have obtained more information regarding the Bahamas claims process for the exchange." In the Bahamas claims process for the exchange, unfortunately, additional questions are required compared to the U.S. process. The reason appears to be that the Bahamas follows the UK/EU legal system, which necessitates extra regulatory approvals."
- 13:12If Bitcoin Surpasses $120,000, Total Short Liquidations on Major CEXs Will Reach $1.503 BillionBlockBeats News, July 19 — According to Coinglass data, if Bitcoin breaks through $120,000, the cumulative short liquidation intensity on major CEXs will reach $1.503 billion. Conversely, if Bitcoin falls below $116,000, the cumulative long liquidation intensity on major CEXs will reach $1.31 billion. BlockBeats note: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the relative significance, or intensity, of each liquidation cluster compared to adjacent clusters. Therefore, the liquidation chart shows the extent to which the underlying asset’s price reaching a certain level will be affected. A higher “liquidation bar” indicates that once the price reaches that level, there will be a stronger reaction due to a wave of liquidity.